162 S 12th Street Newark, NJ $ 890,000
162 S 12th Street
$ 890,000
New Construction
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162 S 12th Street

Newark, NJ, 07107
$ 890,000
Bedrooms8 Baths5.0

Monthly Estimate*

$ 5,552

162 S 12th Street, Newark, NJ 07107 - Image 1
162 S 12th Street, Newark, NJ 07107 - Image 2
162 S 12th Street, Newark, NJ 07107 - Image 3
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162 S 12th Street, Newark, NJ 07107 - Image 8

Multi-Family Home for sale in Newark, NJ

for $890,000 with 8 bedrooms and 5 full baths.

NEW CONSTRUCTION 3-FAMILY 162 South 12th Street, Newark, NJNow Active Legal 3-Family Tax Abatement Eligible NACA & VA Buyer FriendlyStep into ownership and opportunity with this brand-new, legal 3-family home in one of Newark's most active growth corridors. This newly constructed property is the ideal match for first-time buyers, investors, multigenerational households, or veterans looking to build long-term wealth through real estate.With a smart layout across all three units, this home features 8 generously sized bedrooms, 5 full bathrooms, and a bonus office/flex space perfect for remote work or added functionality. Each unit includes open-concept living areas, nicely sized bedrooms, laundry hookups, and separate utilities for easy management.A 3-car garage and additional driveway parking add rare and valuable off-street convenience.*This property qualifies for Newark's 5-Year Tax Abatement, reducing operating expenses and increasing cash flow an incredible advantage for investors and owner-occupants alike.*Perfect for buyers using NACA's no-money-down program or VA benefits this home combines affordability with strong income potential.*Just minutes from downtown Newark, transit, universities, and redevelopment zones this location is set for appreciation and high rental demand.*Final stages of construction underway*Appraisal on file*Schedule your private tour today before it hits the radar of every serious buyer in the area.

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Multi-Family Pending

Price

$ 890,000

Bedrooms

8

Full Bath

5

Property Type

Multi-Family

Taxes

$ 1,505

Style

3 Family

Town/City

Newark

County/Region

Essex

MLS | Web ID

25028266

Features
General
Utilities Electricity Connected Natural Gas Connected Sep Heat
Architectural Style 3 Family
Rooms None
County ESSEX
Property Type 2-4 Family
HOA N
Total Rooms 18
Full Baths 5
Status Under Contract - Under Contract
City Newark
Disclosures Seller's Agent Seller Disclosure - Yes
Year Built Details New Const-New Fdn
Tax Annual Amount 1505.0
MLS Area Minor 400
Lease Considered Y/N N
Standard Status Pending
Property Sub Type Additional Other
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Interior
Heating Y/N N
Half Baths 0
Laundry Features In Unit
Total Bedrooms 8
Total Baths 5
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* Excluded Features

Affordability Calculator

$5,678
Per Month
98%
2%
0%
Monthly Principal & Interest
$5,552
Monthly Property Taxes
$125
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
843640 Elementary School
843641 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/8/2025$890,000 Listed Price

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162 S 12th Street, Newark, NJ, 07107 is a Multi-Family Home for sale at $890,000. 162 S 12th Street has 8 bedrooms and 5.0 baths. The property's zip code is 07107 which is in Newark, NJ